Market Analysis
Powered by the xt-market-analysis skill. It combines XT market data with TradeKit aggregated public market data to produce a structured read on long/short dynamics. No API Key required.
Data Dimensions
| Tool | What it shows | Parameters |
|---|---|---|
market_open_interest | Market-wide USDT-M perpetual open interest (coin amount + USD value) — position size | symbol |
market_long_short_ratio | Long/short account ratio time series (>1 net long, <1 net short) — retail sentiment | symbol, period (5m/1H/1D), limit |
market_taker_volume | Taker buy vs sell volume — real buying and selling pressure | symbol, period, limit |
market_recent_liquidations | Recent liquidation records (side/size/price/time) — leverage flushes | symbol, limit |
market_fear_greed | Fear & Greed index (0 extreme fear ~ 100 extreme greed) | days |
market_global_overview | Global market cap, 24h turnover, BTC/ETH dominance | — |
market_sentiment_snapshot | Combined view: Fear & Greed + 24h taker buy/sell ratio + latest long/short ratio | symbol |
Pair these with XT's own price, klines, order book, and funding rate (see Market Data).
How to Read These Metrics
Price × Open Interest
| Combination | Meaning |
|---|---|
| Price up + OI up | New longs entering; the trend has capital behind it |
| Price up + OI down | Driven by short covering; sustainability is questionable |
| Price down + OI up | New shorts entering |
| Price down + OI down | Longs stopping out; deleveraging |
Funding rate + long/short ratio A clearly positive rate together with an elevated long/short ratio means longs are crowded and holding costs are high, which invites a long squeeze. The reverse applies too.
Taker buy/sell volume The long/short ratio reflects account counts, while taker volume reflects where the money actually is. When they diverge, trust the money.
Liquidation records Clustered liquidations are often a short-term bottom/top signal — market structure only cleans up after leverage has been flushed.
Example Conversation
You: Analyze the ETH setup — how do long/short dynamics look
AI: [Price] eth_usdt 3,240, 24h +2.8%, mark price 3,239
[Positions] Market-wide OI 4.21B USD, 24h +6.2% — price up with OI up, new longs entering
[Sentiment] Long/short ratio 1.34 (long-leaning); Fear & Greed 68 (greed)
[Flow] 24h taker buy/sell = 1.12, buyers slightly ahead
[Cost] Funding rate +0.021%/8h, roughly 23% annualized — long holding cost is already high
[Liquidations] Shorts made up 71% of liquidations over 24h, with a cluster around 3,180
[Conclusion] The rally is driven by new longs, but funding and the long/short ratio are rising
together, so positioning is crowded. 3,180 is the recent dividing line; a break
below could trigger cascading long stop-outs.
Data Source Notes
- XT's price, klines, order book, and funding rate are labeled "XT market data"
- Open interest, long/short ratio, taker volume, liquidations, sentiment indices, and coin profiles are labeled "TradeKit aggregated public data"
The two categories differ in update frequency and coverage, so do not mix them in precise calculations. Aggregated data is delayed and is not suitable for high-frequency or arbitrage decisions.
Disclaimer
The above is data analysis and does not constitute investment advice.